Abu Dhabi lenders’ earnings grow 11% in Q1
The total net earnings of Islamic and commercial banks in Abu Dhabi climbed 11.2 per cent in the first quarter…
Islamic Finance
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Innovation in Islamic Finance awarded after $2.7b restructuring
Amlak Finance , a real estate financier in the Middle East, announced it has received the Euromoney award for Innovation…
Barwa Bank appoints Ahmed El Emadi as Head of Corporate Banking
Qatar's most progressive Shari'ah compliant service provider, has announced the promotion of Ahmed Abdulaziz Al Emadi to the role of…
Islamic banks’ finances surge 107 per cent in Oman
Oman’s Islamic banks and window operations have shown a robust growth of 107 per cent in financing at OMR1,265.8 million…
Islamic Bonds In Sub-Sahara: UAE Now No. 4 For Foreign Investment
A number of African countries have opted to issue sukuk, or Islamic bonds, as an alternative to raise funds for…
The Banker FT Names ADIB Best Islamic Bank in the UAE
Abu Dhabi Islamic Bank, a top-tier Islamic financial services institution, has been named "Best Islamic Bank of the Year Award"…
Moody's assigns Counterparty Risk Assessment to 16 UAE banks
Moody's Investors Service has assigned Counterparty Risk Assessments (CR Assessments) to 16 banks in the United Arab Emirates (UAE). It…
Bank Aljazira scores prestigious Customer Service Awards
Bank Aljazira has scored a major achievement following the announcement that Aljazira Phone has won the Gold Medal & 1stRank…
King & Spalding Advises ACWA Holding on Landmark Islamic Financing for US$2 Billion Industrial Gases Project
King & Spalding advised Arabian Company for Water and Power Development on the Islamic financing for a new US$2 billion…
Dubai sovereign wealth fund sees profits surge 62%
Investment Corporation of Dubai (ICD), the emirate’s sovereign wealth fund has reported increased profits of $7.75 billion (AED28.5 billion) for…
Oman central bank sets up Islamic banking department
The Omani central bank has established an independent department to handle Islamic banking, it said on Wednesday, in a step…
Germany's first interest-free Islamic bank opens in Frankfurt
Germany has opened its first Islamic bank representing a full range of banking services in accordance with the laws of…